AARP (American Association of Retired Persons) is a non-profit organization that offers its members a variety of benefits, from discounts on travel and entertainment to financial advice. One of the many benefits offered to AARP members is the ability to apply for an AARP Credit Card. In this article, we’ll discuss what AARP is, the types of credit cards available, who qualifies for an AARP Credit Card, how to apply for one, and the advantages and disadvantages of using an AARP Credit Card.
What is AARP?
AARP is a membership organization for people over the age of 50. It was founded in 1958 and currently has more than 38 million members. The organization offers its members a variety of benefits and services, including discounts on travel and entertainment, health insurance, financial advice, and access to exclusive events.
AARP Membership Benefits
AARP membership comes with a variety of benefits that can help seniors save money and make their lives easier. Some of these benefits include:
• Discounts on travel and entertainment
• Access to exclusive events
• Financial advice
• Health insurance
• Access to online resources
• And more!
AARP Credit Cards
In addition to all of these great benefits, AARP also offers its members the opportunity to apply for an AARP Credit Card. These cards are designed specifically for seniors and offer a variety of rewards and benefits that can help make life easier and more affordable.
Types of AARP Credit Cards
There are several different types of AARP Credit Cards available, each with its own set of features and rewards. Some of the most popular cards include:
• The AARP Visa Signature Card – This card offers 0% APR on balance transfers for 12 months and rewards points that can be redeemed for cash back or travel rewards.
• The AARP Rewards Mastercard – This card offers up to 5% cash back on select purchases, 0% APR on balance transfers for 12 months, and no annual fee.
• The AARP Cash Rewards Visa Signature Card – This card offers up to 3% cash back on select purchases, 0% APR on balance transfers for 12 months, and no annual fee.
Who Qualifies for an AARP Credit Card?
In order to qualify for an AARP Credit Card, you must be an active member of the organization and be at least 50 years old. Additionally, you must have good credit in order to be approved for a credit card from any issuer.
How to Apply for an AARP Credit Card
Applying for an AARP Credit Card is easy! All you need to do is visit the website or contact customer service by phone or email. You will then be asked to provide some basic information about yourself such as your name, address, Social Security Number, income level, etc., as well as details about your current financial situation such as any existing debt or credit cards you have open already. Once you have provided this information you will then be able to review your options and choose the card that best suits your needs.
Advantages and Disadvantages of Using an AARP Credit Card
Like any other type of credit card, there are both advantages and disadvantages associated with using an AARP Credit Card:
• Low interest rates – Many AARP Credit Cards offer low interest rates which can help you save money when making purchases or transferring balances from other cards.
• Rewards – Many cards offer rewards such as cash back or travel rewards which can be redeemed for discounts or free products/services from participating merchants or airlines/hotels/car rental companies.
• No annual fee – Most cards do not have any annual fees which can help you save even more money in the long run!
• Limited acceptance – Not all merchants accept all types of credit cards so it’s important to check if your chosen merchant accepts your specific card before making a purchase with it.
• High interest rates – If you don’t pay off your balance each month then you may end up paying high interest rates which could make it difficult to pay off your balance in full each month if you carry a balance from month-to-month.
How to Maximize Your Rewards with an Aarp Credit Card
There are several ways that you can maximize your rewards when using an Aarp Credit Card:
• Pay off your balance in full each month – By paying off your balance in full each month you will avoid paying high interest rates which can quickly add up if you don’t pay off your balance every month! Additionally, many cards offer additional rewards such as cash back or travel rewards when you pay off your balance in full each month so this is a great way to maximize your rewards!
• Use your card frequently – The more often you use your card the more rewards points or cash back you will earn which can add up quickly over time! Make sure that you are using your card responsibly though by only spending what you can afford so that you don’t end up getting into debt!
• Take advantage of special promotions – Many credit cards offer special promotions throughout the year where they will offer additional rewards if you meet certain criteria so make sure that you take advantage of these promotions whenever possible!
Alternatives to the AARP Credit Card
If you’re not interested in applying for an Aarp Credit Card then there are other alternatives available such as traditional bank credit cards or store-specific credit cards which may offer similar benefits but without having to be a member of the organization first! Additionally, there are also prepaid debit cards which don’t require any kind of membership but may not offer as many features or rewards as traditional credit cards do so it’s important to weigh all options before making a decision!
In conclusion, applying for an Aarp Credit Card can be a great way for seniors to get access to exclusive discounts and rewards while also helping them save money on their purchases or transfer balances from other cards without having to worry about high interest rates! However it’s important to remember that there are both advantages and disadvantages associated with using this type of card so it’s important that seniors weigh all options before making a decision about which type of card is best suited for them!